S. 978 · 111th Congress
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses applicable to individuals.
- Stage
- In committee
- Sponsor
- Blanche Lincoln
- Introduced
- 2009-05-05
- Latest action
- 2009-05-05 · Introduced in Senate
Summary
Amends the Internal Revenue Code to increase the limit on the deductibility of losses from the sale or exchange of capital assets for individual taxpayers to $10,000, adjusted for inflation after 2009 (50% of such amount for married individuals filing a separate tax return).